Question: I . Unenforceable because all necessary' Elements aren't met . 11 . Collin purchases a house , using a loan from Big Bank. As a

 I . Unenforceable because all necessary' Elements aren't met . 11

. Collin purchases a house , using a loan from Big Bank.

I . Unenforceable because all necessary' Elements aren't met . 11 . Collin purchases a house , using a loan from Big Bank. As a condition of the loan , Big Bank requires that Collin purchase life insurance payable to Big Bank , to the extent of the outstanding mortgage , if Collin dies before fully paving the mortgage . Big Bank is A . an incidental beneficiary but not a dance beneficiary

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!